Details are currently thin on the ground, but we do know that the idea was cooked up by Gordon-Levitt and writer Michael Bacalland (21 Jump Street) and has been snapped up by Universal Pictures. The plan is for Bacall to write the script that sees Tatum and Gordon-Levitt play pilots who literally land themselves into trouble on an R-rated misadventure.
It's hardly the first time the pair have been mooted as a musical leading duo – both their names came up when 20th Century Fox were first looking to make a new film based on Guys And Dolls (1955). They have form together on screen too, in the likes of Havoc (2005) and Stop-Loss (2008).
And musicals are certainly big at the moment – TV networks are falling over themselves to bring classic tuners to small screens and Universal Pictures themselves already have one original musical movie in development from Josh Gad (Love & Other Drugs) and writer and director Jeremy Garelick (The Wedding Ringer), which have the talents of no lesser song writers than Alan Menken (Beauty And The Beast) and Stephen Schwartz (The Prince Of Egypt) providing the music and lyrics.
You will be able to see Tatum showing his dance skills off to full effect in the Coen brothers' (Inside Llewyn Davis) new film, Hail, Caesar! which marches into our cinemas on 4 March.